Topic: ICO = Gold Rush (Read 153 times)
Well it's an easy way to get funding for whatever you have in mind. For every ICO that has turned out to be a scam, there have been countless others which were promising and have managed to keep their promises. That some turn out to be scams, is not a problem on the ICOs' end, but it's rather due to people who think of crypto = free magic internet money, and just invest their money without caring about what they are investing in.
there are more than 3200 ICO's according to coin schedule.
Everybody is already tired from that countless ICO's that appear daily on market. Most of them are nothing but a scam. Giving money to random people in exchange of some random images and promises is worse than gambling. Unfortunately, with the super easy nature of creating ICOs on Ethereum and other platforms, along with Bitcoin's price, crypto attracted a whole bunch of lazy idiots chasing a goldrush and throwing money into ICOs while having no idea or enthusiasm towards cryptocurrencies, giving it a bad name to cryptos altogether.
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